Reports Financial News

US military said that three people have been killed and at least four wounded after a missile fired by Yemen's Houthi rebels hit a bulk carrier in the Gulf of Aden. The Indian Navy also added that critical medical aid was provided to injured crew.

InterGlobe Aviation Ltd. rose 0.97 per cent to Rs 3099.3 in Thursday's trade as of 10:45AM (IST) even as the benchmark Nifty ruled at 22432.5, down 41.55 points. The scrip had closed at Rs 3069.25 in the previous session. The stock quoted a 52-week low of Rs 1810.45 and a high of Rs 3301.4. The company quoted a market-cap of Rs 120027.01 crore on the BSE.

Covid-19 cases in the past 24 hours, marking the highest daily number since May last year. This increase in infections is not limited to Delhi alone, as other northern states like Rajasthan, Uttar Pradesh, and Bihar are also experiencing a rise in cases. Over the past 15 days, Delhi has reported a total of 459 cases, compared to 191 in the previous two weeks and 73 in the 15-day period prior to that. Similarly, Rajasthan has seen an increase in cases, with 226 reported in the last 15 days compared to 96 and 27 in the previous two fortnights, according to data from the Union health ministry. Although the reported numbers may not be significant, experts believe that the actual count is likely much higher due to low testing rates. The last time Delhi reported more than 50 daily Covid cases was in May 2023, during the declining phase of a nationwide surge that began in March and peaked in mid-April, with over 12,500 cases reported on April 19.

Bajaj Auto Ltd.(up 2.57 per cent), Tata Motors Ltd.(up 1.02 per cent), TVS Motor Company Ltd.(up 0.85 per cent), Ashok Leyland Ltd.(up 0.39 per cent) and Bosch Ltd.(up 0.32 per cent) were among the top gainers.

Indraprastha Gas has cut the price of compressed natural gas (CNG) in the capital Delhi by ₹2.5/kg effective from today, March 7. This reduction in the gas prices, effective from 6 am Thursday, will be in all the geographical areas of the gas distributor, IGL said in a post on X. The revised selling price of CNG in Delhi shall be ₹74.09 per kg, while it will be ₹78.70 per kg in Noida, Greater Noida and Ghaziabad.

₹215.35 apiece on the BSE. UBS has maintained a ‘Buy’ rating on Bharat Electronics shares, raised the target price to ₹257 per share from ₹205 earlier, and assigned a 35x PE to March FY26E earnings versus 30x earlier, given better earnings and new orders momentum.

Taking out personal loans can have both positive and negative consequences. Inclined borrowers may utilise these loans for a range of purposes, including consolidating debt, undertaking home improvements, or addressing unforeseen expenses. 

CALGARY — Enbridge Inc. is bullish on the future of its Mainline pipeline system in light of projections that Canadian oil output could exceed the country’s pipeline export capacity as early as 2026.

SYDNEY (Reuters) — Australia said on Thursday that it would make pension contributions for workers who take paid parental leave, the latest effort by the centre-left Labor government to address gender imbalance in the workplace.

State Bank of India has not provided information on electoral bonds encashed by political parties as of March 6, missing the Supreme Court's deadline, PTI reported. The bank had on March 4 requested an extension until June 30 to disclose details, but the plea has not yet been scheduled for a hearing by the apex court. In its plea, SBI argued that retrieving information from various sources and matching data between silos would be time-consuming.

artificial intelligence (AI) technology from the tech giant while secretly collaborating with two Chinese companies, as per an AP report on March 6. Ding, 38, a Chinese national, was apprehended in Newark, California, and faces four counts of federal trade secret theft. Each count carries a potential sentence of up to 10 years in prison.

TOI report, in the affidavit submitted to the High courts of Punjab and Haryana, the administration stated that it would refund the money deposited by the petitioners and the other applicants. Coming back to Bansal, he said that the UT administration shelved the housing scheme more than 16 years after it was introduced. He added that the decision was made in response to an increase in land costs, which has led to breaking the dreams of over 4,000 employees, many of whom even passed away while waiting for a flat, a report by Hindustan Times stated.

Tata Motors: On March 6, global rating agency, Moody's, confirmed the BA3 ratings of Tata Motors, maintaining a positive outlook, reported PTI. In addition, Moody's Investors Service stated that it has also confirmed the Ba3 senior unsecured instrument ratings of Tata Motors Ltd (TML). According to Moody's obligations, 'Ba' ratings are considered to have speculative elements and carry a significant credit risk.

The stage is set for a Joe Biden-Donald Trump rematch in the US presidential election due in November after Trump swept 14 of the 15 primary elections in ‘Super Tuesday’ states, even as his Republican rival Nikki Haley reportedly decided to suspend her White House campaign. Though Haley did manage a win in Vermont, Trump becoming the party’s nominee seems just a formality.

A significantly larger proportion of a global cross-section of society places higher trust in the private sector than other societal institutions, including the government, as per Edelman’s Trust Barometer Global Report of 2023. The private sector, seen to be more ethical and competent, is expected to engage more with societal challenges.

By Stella Qiu

Investing.com-- Chemicals maker Chemours Co (NYSE:CC) said on Wednesday that an internal review found that its  top three executives, who were placed on administrative leave last week, had violated the firm’s code of ethics, particularly regarding financial disclosures.

A national wealth management firm is extending its footprint into a new market as it welcomes an Illinois-based advisor team from Securities America. With its headquarters in St. Charles, just outside Chicago, Steward Guide Wealth Partners is transitioning to Independent Advisor Alliance.

A father-son advisor team that oversees $750 million in AUM in New Jersey has made a major leap by setting up their own firm.

LPL Financial has added another team to its sprawling platform. The firm announced Aero Capital, led by financial advisors Brice Lowe and Bradley Moser, as the latest practice to join its broker-dealer, RIA and custodial platforms, in alignment with Mariner Advisor Network, which supports advisors affiliated with LPL.

Private market investors are growing in confidence as headwinds ease and are preparing to increase their deployments during this year.